Reign Sapphire (OTCQB: $RGNP) Achieves 20% Increase in Gross Margin from Operational Efficiencies
BEVERLY HILLS, CA - June 21, 2017 (Investorideas.com Newswire) Reign Sapphire Corp., (OTCQB: RGNP) ("Reign" or the "Company"), a direct-to-consumer, branded and custom jewelry company wanted to highlight some important achievements subsequent to its recently filed annual report and provide guidance on 2017 and 2018 revenue.
While the Company has resolved the supply chain issues and delivery delays that resulted in a decline in year over year (YoY) annual revenue from roughly $3 million to $2 million, profitability has improved in Q1 of 2017 YoY almost 20% from 51.8% to 71.5%.
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About Reign Corporation:
Reign Sapphire Corporation (RGNP) is a Beverly Hills-based, D2C branded and custom jewelry company with 3 niche brands: Reign Sapphire: ethically produced, millennial targeted sapphire jewelry, Coordinates Collection: custom jewelry, inscribed with location coordinates commemorating life's special moments, and Le Bloc jewelry: classic customized jewelry. http://www.reignsc.com.
Reign Sapphire Corporation (OTCQB: RGNP) is a Featured luxury brand company on Investorideas.com - Visit Profile page at
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